Banks face €350bn Basel III shortfall

A study by the Boston Consulting Group published in December 2011 shows that European banks will have to raise nearly €200bn in new capital or cut their balance sheets by nearly 20%, to achieve the tougher new Basel III banking reform rules that start taking effect in 2013.

ESO: Background information: Global enforcers set to oversee bank rules http://www.europeansources.info/record/global-enforcers-set-to-oversee-bank-rules/

BIS: Monetary and Financial Stability: Basel III http://www.bis.org/bcbs/basel3.htm

Website: Boston Consulting Group http://www.bcg.com/

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